- The construction industry remains resilient in the face of low oil prices, with Dubai's planned projects inreal estate and energy infrastructure progressing well. Abu Dhabi has been more exposed to thecommodities downturn, given its economy's reliance on the sector, but still boasts the largestinfrastructure investment programme in the UAE. We forecast 6.6% growth in 2016.

- Growth will slow over the second half of our forecast period, as after 2020 there will not be sufficientprojects under way to keep growth as robust. We forecast average annual growth of 3.2% between2020-2025.

- Big-ticket projects and underpinning our forecasts for robust growth over the short term include theUSD32bn expansion project at Al Maktoum International Airport at Dubai World Central and theUSD20bn nuclear power plant.

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